Reddit under management: distribution signs widen
Reddit slides 7.2% as last week's distribution signs widen
Reddit under management: distribution signs widen
Our view last week
This week Reddit stock tried to push above its 7-day high, in the 208 area, and was turned back: the week closed almost flat, +0.3%, with 68% of the volume on the sell side in the last bar and the first signs of distribution. The technical picture stays split — the weekly MACD keeps improving and momentum is at its highest in four weeks. The trade, in its 12th week of management, is running at +19.26% since entry.
This week's summary
This week Reddit stock gave back 7.2%, with 78% of the volume on the sell side in the last bar: the distribution flagged a week ago has deepened, and weekly momentum has nearly halved. The technical picture stays split — the weekly MACD keeps improving regardless — and the trade, in its 13th week of management, has seen the gain slip to 10.61% since entry.
IQS Phase
54
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#38 / 112
US stocks in progress
Trade P&L %
+10.61%
from signal to today
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